Website review: Billions in Oil Missing in Iraq,...
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•2 reviews since May 12, 2007
politics
•commondreams.org/archive/2007/05/12/1152/
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PiTrinam rated 15 months ago- frome the page: "Published on Saturday, May 12, 2007 by New York Times Billions in Oil Missing in Iraq, US Study Says by James Glanz Between 100,000 and 300,000 barrels a day of Iraq's declared oil production over the past four years is unaccounted for and could have been siphoned off through corruption or smuggling, according to a draft American government report. Using an average of $50 a barrel, the report said the discrepancy was valued at $5 million to $15 million daily. 0512 05 The report does not give a final conclusion on what happened to the missing fraction of the roughly two million barrels pumped by Iraq each day, but the findings are sure to reinforce longstanding suspicions that smugglers, insurgents and corrupt officials control significant parts of the country's oil industry. The report also covered alternative explanations for the billions of dollars worth of discrepancies, including the possibility that Iraq has been consistently overstating its oil production."
- pauljc rated 15 months ago
- "Billions in Oil Missing in Iraq, US Study Says"
